Market Research Report
Large Format Display (LFD) Market by Offering, Display Type (Video Wall & Standalone), Technology (LED-Backlit LCD, Direct-View LED, OLED, E-Paper), Size, Brightness Level, Application (Indoor & Outdoor), Vertical, and Region - Global Forecast to 2023
|Published by||MarketsandMarkets||Product code||513867|
|Published||Content info||198 Pages
Delivery time: 1-2 business days
|Large Format Display (LFD) Market by Offering, Display Type (Video Wall & Standalone), Technology (LED-Backlit LCD, Direct-View LED, OLED, E-Paper), Size, Brightness Level, Application (Indoor & Outdoor), Vertical, and Region - Global Forecast to 2023|
|Published: June 7, 2017||Content info: 198 Pages||
"Increasing innovation in direct-view fine-pixel LED displays and their technological advantages driving the LFD market growth"
The large format display (LFD) market was valued at USD 9.51 billion in 2016 and is expected to reach USD 14.93 billion by 2023, at a CAGR of 6.7% between 2017 and 2023. The availability of highly bright HD LFDs offering better stability, flexibility, sustainability, and environment resistance; increasing demand for brighter and power-efficient LFDs in several applications; and increased applications for digital signage are the major drivers for the market. However, factors such as increased online/broadcast advertisement and deployment of wide screen alternatives such as projectors and screenless displays are restraining the growth of the market.
Video walls are constructed by joining many narrow bezel LCD or direct-view LED display tiles together. There is a huge market potential for direct-view fine-pixel LED display tiles in video wall applications as they can offer a seamless video wall, unlike the lined or interrupted video walls constructed from narrow bezel LCD tiles. Standalone displays, on the other hand, are mostly based on LCD technology and are limited by fixed size and resolution. The market share comparison of video walls and standalone displays is approximately 3:1 in the LFD market, and the trend is expected to increase during the forecast period in favor of video walls. LCD is a mature technology, which offers high picture quality at high resolution. However, it has a lower brightness level than direct-view LED displays. Direct-view LED displays, which were mostly utilized in outdoor applications, are now penetrating the indoor applications at a rapid rate owing to the introduction of fine-pixel LED displays. LCD displays, on the other hand, have a growth potential only in video wall applications where narrow bezel LCD tiles are used.
The infrastructural industries mostly utilize direct-view large-pixel LED display for outdoor applications. Fine-pixel LED displays are rapidly penetrating this market segment and would drive the growth of LFDs in infrastructural industries. Sports and entertainment applications would be the prime focus of major direct-view fine-pixel LED display suppliers during the forecast period. The market for infrastructural industries is expected to grow because most of the applications in these industries are outdoor and require high-brightness displays. Direct-view fine-pixel LED displays can cater to this demand by offering significant resolution. Commercial industries such as retail, hospitality, healthcare, corporate and broadcast, and government held the largest market share in 2016 and the trend is likely to continue till 2023.
North America is expected to continue to hold the largest share of the LFD market owing to the high adoption rate of LFDs based on the latest technology LFDs in the regions. Early exposure to the latest display products is the driving factor for the growth of the market in the retail, transportation, and many other industries in North America. The market in APAC is expected to grow at the highest rate between 2017 and 2023 due to the presence of major display panel manufacturers and various brand product manufacturers in China, Japan, South Korea, Taiwan, and Hong Kong. Newer and high-cost displays, such as OLED and fine-pixel LED, are expected to grow at a higher rate in North America, whereas low-cost displays such as LCD and large-pixel LED are expected to witness a higher growth rate in APAC and RoW.
Extensive primary interviews have been conducted with key people in the industry to determine and verify the market size of several segments and subsegments that were gathered through secondary research. The breakup of the primary participants has been shown below:
The report also profiles the key players in the display market. The prominent players profiled in this report are Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), NEC Corp. (Japan), Leyard Optoelectronic Co., Ltd. (China), Sharp Corp. (Foxconn) (Japan), Barco NV (Belgium), Sony Corp. (Japan), TPV Technology Ltd. (Hong Kong), AU Optronics Corp. (Taiwan), and E Ink Holdings Inc. (Taiwan).
This research report categorizes the market by offering; display type, technology, and size; brightness level, vertical, application, and geography. The report also discusses major drivers, restraints, challenges, and opportunities for the market. Key players have been strategically profiled across the value chain.
The report will help leaders/new entrants in this market in the following ways:
Top 25 Companies analyzed for this study are - Samsung Electronics Co., Ltd. (South Korea); LG Display Co., Ltd. (South Korea); NEC Corp. (Japan); Leyard Optoelectronic Co., Ltd. (China); Sharp Corp. (Foxconn) (Japan); Sony Corp. (Japan); TPV Technology Ltd. (Hong Kong); Panasonic Corp. (Japan); Delta Group (Taiwan); BenQ Corp. (Taiwan); Daktronics (US); Mitsubishi Electric Corp. (Japan); Hyundai IBT Co., Ltd. (South Korea); Barco NV (Belgium); Shenzhen Unilumin Group Co., Ltd. (China); Vtron Group Co., Ltd. (China); Eyevis (Germany); Deepsky Corp. Ltd. (Hong Kong); Shenzhen Liantronics Co., Ltd. (China); Retop LED Display Co. Ltd. (Elec-tech International) (China); E ink Holdings, Inc. (Taiwan); AU Optronics Corp. (Taiwan); AOTO Electronics Co., Ltd. (China); Dahua Technology Co., Ltd. (China); Shanghai Sansi Technology Co., Ltd. (China)
*Details on Business Overview, Products offered & Business strategies, Key Relationships, Recent Developments, MnM View might not be captured in case of unlisted companies.